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Tax credits, affordability drove Illinois home sales in 2010

SPRINGFIELD, IL - January 19, 2011 - (RealEstateRama) -- First-time buyers continued to be a driving force in the Illinois housing market as they took advantage of the first-time homebuyer tax credit and the most affordable housing market in years, according to the 2010 Profile of Illinois Home Buyers and Sellers. The survey results released by the Illinois Association of REALTORS® (IAR) found 53% of buyers were first-time buyers, compared to 50% nationwide (a figure which has averaged closer to 40% nationwide since 2001).

Legum & Norman, Mid-West Adds Wolfram Towers to Client Portfolio

Chicago, IL - January 11, 2011 - (RealEstateRama) -- Legum and Norman (L&N), Mid-West, an Associa company, is pleased to announce the addition of Wolfram Towers to its client portfolio

IEMA Launches 2011 Preparedness Campaign with Focus on Hazard Mitigation

SPRINGFIELD, IL - January 6, 2011 - (RealEstateRama) -- While it may be impossible to prevent natural hazards, such as floods, droughts and wind storms, there are actions communities and their citizens can take to reduce or eliminate loss of life and property. Throughout January, the Illinois Emergency Management Agency (IEMA) will focus on hazard mitigation as part of its 2011 Preparedness Campaign

Top Agents, Brokers, Deals of 2010

Chicago, IL - January 6, 2011 - (RealEstateRama) -- Chicago Agent magazine released the highly anticipated fourth edition of Real Data, the premiere residential reference guide in the real estate industry.

RE/MAX Villager in Glenview Adds 7 Northbrook Agents and Gains Ground in North Shore...

ELGIN, IL - January 6, 2011 - (RealEstateRama) -- RE/MAX Villager in Glenview, Ill., has announced the arrival of seven agents formerly affiliated with RE/MAX North in Northbrook. The additional agents will strengthen the position of the Glenview office in the North Shore real estate market

Broker enabled dynamic IDX property search tool on his Chicago based real estate website

EUGENE, OR - December 23, 2010 - (RealEstateRama) -- IDX, Inc. is pleased to announce Ro Malik is the latest real estate professional to adopt IDX Broker software for his website. Now more than ever before, Chicago, Illinois home seekers can experience a thorough and comprehensive online property search right on the IDX enabled website Malik supports. The convenient search capabilities are backed by the Midwest Real Estate Data (MRED) listings, which display thousands of detailed property listings instantly on the website Malik has synced with an IDX solution. He can now give his clients the most innovative property search experience available to potential buyers searching for homes online.

Illinois Median Home Price Remains Stable Three Straight Months

SPRINGFIELD, IL - December 22, 2010 - (RealEstateRama) -- Economic and seasonal factors and a residual tax credit effect impacted home sales in November while prices held steady for three consecutive months with half of Illinois counties reporting posting a median price increase or no change from a year ago. According to the Illinois Association of REALTORS® latest report, statewide total home sales (single family and condominiums) were down 3.5 percent year-to-date January through November 2010 with 95,973 home sales posted compared to 99,494 home sales for the same period in 2009. For the month of November home sales totaled 6,884, down 34.5 percent from 10,505 home sales in November 2009

Agents are Optimistic About the 2011 Housing Market

Chicago, IL - December 22, 2010 - (RealEstateRama) -- This wasn’t an easy year to be a real estate agent, even if 2010 turned out to be a better year than 2009. However, according to a new survey by Chicago Agent magazine, things might be looking up for 2011. In the magazine’s most recent issue, readers responded positively to a survey designed to gauge industry predications for 2011

Mayor Daley Dedicates Branch Of Hope Apartments, New Affordable And Supportive Housing Developement In...

December 20, 2010 - (RealEstateRama) -- Mayor Richard M. Daley today officially opened the new Branch of Hope Apartments, which will provide 100 units of affordable, supportive housing in the City’s Englewood community. “Branch of Hope is another new development that demonstrates the city’s strong commitment to providing affordable and supportive housing for our residents who need it,” Daley said in a ceremony at the apartments, 5628-30 S. Halsted St.

State presents 9-point plan to fix ‘sloppy’ foreclosures in Illinois

CHICAGO, IL - December 15, 2010 - (RealEstateRama) -- In an effort to clean up the foreclosure process in Illinois, Brent E. Adams, Secretary of the Illinois Department of Financial and Professional Regulation (IDFPR), today released a 9-point “affidavit preparation expectations” plan

IHDA Celebrates Start of Construction on Housing for Domestic Violence Victims

ZION, IL - December 9, 2010 - (RealEstateRama) -- Twenty units of permanent supportive housing in Lake County for victims of domestic abuse will be built as a result of the financial investment of the Illinois Housing Development Authority (IHDA). An estimated 82 jobs will be created with the construction of the new A Safe Place development

Governor Quinn Calls on Illinois Residents to Support Our Troops This Holiday Season

CHICAGO, IL - November 29, 2010 - (RealEstateRama) -- Governor Pat Quinn today joined local schoolchildren to light the state of Illinois’ annual holiday tree and launch the Illinois Heroes holiday card drive. Governor Quinn encouraged schoolchildren from across the state to take part in the annual drive by making holiday cards for servicemembers at the Landstuhl Regional Medical Center (LRMC) in Germany. Governor Quinn will personally deliver the cards during a visit to troops at LRMC later this year.

Mayor Daley Dedicates Model Green Bungalow, Tours 2010 Bungalow Block in South Shore Community...

Chicago, IL - November 25, 2010 - (RealEstateRama) -- Mayor Richard M. Daley today joined officials from the Historic Chicago Bungalow Association (HCBA), development partners and residents of the South Shore community in dedicating a fully rehabbed green bungalow that showcases innovative ways to make these iconic Chicago homes more energy efficient and adaptable for today’s families.

Illinois Median Price in October Holds Steady from September Home Sales Activity Up...

SPRINGFIELD, IL - November 23, 2010 - (RealEstateRama) -- October continued the trend of median price growth in the majority of Illinois counties, sales were lower due to seasonal and residual tax credit factors; year-to-date sales remain positive even as the economy and foreclosures slow the recovery. According to the Illinois Association of REALTORS® latest report, year-to-date total home sales (which include single-family and condominiums) statewide are up 0.1 percent January through October 2010 with 89,050 home sales compared to 88,989 home sales for the same period in 2009; year-to-date sales are up 4.6 percent in the Chicagoland Primary Metropolitan Statistical Area (PMSA). For the month of October, statewide home sales totaled 7,325, down 34.2 percent from 11,129 home sales in October 2009.

Housing Development Authority Announces $10M Federal, State Investment to Build Affordable Homes in Moline

MOLINE, IL - November 23, 2010 - (RealEstateRama) -- Illinois Housing Development Authority (IHDA) officials today celebrated the groundbreaking of 69 affordable rental homes financed through the State of Illinois to help Moline families live near the workplace. An estimated 51 jobs will be created with the construction of Moline Enterprise Work-Live Lofts


Investigation by CHA and HUD Inspectors General ends with guilty plea...

The Chicago Housing Authority will receive restitution for money stolen by a former contractor and her husband after the pair pleaded guilty to stealing funds intended for the Housing Choice Voucher (HCV) program, a crime that was exposed following an investigation by the CHA’s Office of the Inspector General.


Durbin Questions Trump Administration’s Commitment To Air Safety

U.S. Senator Dick Durbin (D-IL) today at a Senate Appropriations Subcommittee on Transportation, Housing, and Urban Development hearing, questioned Department of Transportation (DOT) Secretary Elaine Chao about the Trump Administration’s